Russia - Federal United Grain Company created

On March 20, 2009, Russian President Medvedev signed a Decree establishing a federal Grain Company. The current state entity responsible for managing federal grain procurement and programs will be expanded to include shares from 31 state grain companies. The main priorities for this company will be to increase purchasing and selling of grain on the domestic market, to increase grain exports, to modernize and to construct new elevators and port terminals.